Good Vibrations Shoes Inc (GVSI)

[Castratrix]

The 446 are the shareholders actually listed on the paper records with the transfer agent. It doesn’t include shares bought via brokerages like Etrade and Fidelity etc, those shares are held in what is called CEDE and is considered 1 shareholder, so say GS gives someone 1 mil shares for something, he calls the TA and the the TA issues the shares on the ledger, which is called “book entry.” That person now becomes a shareholder of record and the number becomes 447. Because GVSI has had 3 reverse splits in the past most of those shareholders of record probably only have 100-200 shares on the books which is actually BETTER for GVSI because it means they can’t convert (deposit) the shares of stock and sell into the run essentially simulating dilution. This means the GVSI free float is essentially 2 bil and what’s out there is out there, and there can be no surprises. Nothing can be released or added to the float from book entry holders and even if there is some it’s insignificant.